Affordable homes
Living in a council property is considerably cheaper than renting privately, as shown below.
| Size of property | council home: average weekly rent | private sector home: average weekly rent |
|---|---|---|
| 1 bed | £68 | £142 |
| 2 bed | £73 | £170 |
| 3 bed | £82 | £190 |
| 4 bed | £84 | £337* |
Source: Office for National Statistics
*average figure for properties with 4 bed-rooms or more.
Expenditure in 2020/21 financial year
The Housing Revenue Account (HRA) records expenditure and income on running the council’s housing stock and closely related services or facilities, which are provided for the benefit of council tenants.
| Expenditure | Amount (£) |
|---|---|
| planned upgrades and improvements | £14.8m |
| housing management | £11.7m |
| repairs and maintenance | £7.7m |
| empty property works | £2.3m |
| estate management | £2.1m |
| Sheltered housing | £700,000 |
| amount spent on caretaker services | £500,000 |
Housing service expenditure
The majority of money is spent on planned upgrades and improvements to council homes, managing our housing stock and repairs and maintenance.
The Housing Revenue Account surplus for the year increased to £25.4m, compared to a surplus of £7.7m in the previous year. This is because of an increase in the value of the council’s housing stock.
Interest charged on borrowing on the Housing Revenue Account was £7.26m.
Norwich City Council senior management grades 2020-2021
- Chief executive: £126,181 - £137,651
- Director: £74, 203 - £84, 804